Google (GOOG) Glass launch could be no sooner than Q4:14, in our view. Over the past quarter, HIMX has not extended its LCoS Microdisplay capacity beyond 300K per month although it believes it could get to 2 million pieces per month eventually. This suggests to us that despite the modest proliferation of Google Glass, HIMX has yet to get the “go ahead” from Google to drive LCoS capacity to higher levels of production in anticipation of a formal launch.

we do not believe any of its other LCoS customers are likely to make up the difference in the meantime, although we believe it is possible that Microsoft (MSFT) and Samsung (SSNLF) could launch their glass products in 2H:14 before Google. This leads us back to our view that investors should own HIMX near term for its core business in display drivers and not in the expectation of massive ramp in LCoS Microdisplays.

Add a Comment

We welcome thoughtful comments from readers. Please comply with our guidelines. Our blogs do not require the use of your real name.

Comment

There are 12 comments

FEBRUARY 14, 2014 11:10 A.M.

foggyswamp wrote:

with respect, you need to stop analyzing HIMX as you are making yourself look like a fool.

FEBRUARY 14, 2014 11:19 A.M.

CT Programmer wrote:

RAISED it to $14? What was it before? It has been hovering between $13 and $15 for weeks.

FEBRUARY 14, 2014 11:45 A.M.

Wallman wrote:

What an idiot. Gave a price target of $12 a few days ago. His prediction on earnings was wrong. Now is changing his stance.

FEBRUARY 14, 2014 11:46 A.M.

Unamused wrote:

You were wrong Wednesday and you've got it wrong again today. Target should be at least $17, now go and do your homework and stop making a idiot of yourself.

FEBRUARY 14, 2014 2:04 P.M.

SAM wrote:

They should investigate their clients if they sold or bought in the last month.

FEBRUARY 14, 2014 4:15 P.M.

Jola wrote:

The more these guys open their mouth, they prove them more fool & idiot !!!!!!!!!!!!!!!!!!!

FEBRUARY 14, 2014 5:14 P.M.

Joe wrote:

Give me a call when it hits 17.

FEBRUARY 14, 2014 5:59 P.M.

ShawnD wrote:

Chardan, Jay Srivatsa and Shuli Ren are super sketchy. When did Barron's started using bloggers as free lancers?

FEBRUARY 14, 2014 9:55 P.M.

S584sd wrote:

Jay Srivatsa has to be the biggest joke on wall street. I feel sorry for any clients he has. I would never take any of his advice.

FEBRUARY 15, 2014 4:53 P.M.

Wearables wrote:

It's obvious that whatever comments an outfit like Cardan issues, has an impact on flaky shareholders. The purpose of stating negative things about Himax is to cause a selling among the weak hands. Everybody knows that the company's earnings report was on the favorable side, not even taking into consideration the imminent effect of Google Glass in the short to mid term earnings. Also, the author quite conveniently omitted any mention to Himax's dividend (2.5%), which to many investors is make it or break it deal. Their $14 target is an insult to the serious investor. It should have been $20-$25 by year's end.

About Emerging Markets Daily

Emerging markets have been synonymous with growth, but the outlook for individual nations is constantly changing. Countries from Brazil and Russia to Turkey face challenges including infrastructure bottlenecks, credit issues and political shifts. The Barrons.com Emerging Markets Daily blog analyzes news, data and research out of emerging markets beyond Asia to help readers navigate the investment landscape.

Barron’s veteran Dimitra DeFotis has been blogging about emerging market investing since traveling to India and Turkey. Based in New York, she previously wrote for Barron’s about U.S. equity investing, including cover stories and roundtables on energy themes. Dimitra was among the first digital journalists at the Chicago Tribune and started her career as a police reporter at the Daily Herald in the Chicago suburbs. Dimitra holds degrees from the University of Illinois and Columbia University, where she was a Knight-Bagehot Fellow in the business and journalism schools.